Investment Associate

Overview

Responsible for supporting and overseeing critical investment operations across reconciliation, trade settlement, private equity administration, data management, and client service. Ensures the accuracy, integrity, and timely processing of investment activity and data, proactively resolves operational issues and exceptions, and partners with investment teams, custodians, service providers, and internal stakeholders to support efficient operations and a high-quality client experience.

Responsibilities

What you will do:

• Reconciliation • Reconciles client transactions and holdings with custodians daily and/or monthly and resolves daily reconciliation issues. • Reconciles holdings on accounting system with trading system daily, investigates differences, and resolves daily discrepancies. • Communicates the status of significant account activity such as account funding, contributions, or withdrawals to Portfolio Managers and Client Service. • Responds to ad-hoc inquiries for data and/or reports from Portfolio Managers, Marketing, Client Service, and others throughout the firm. • Assists with mandatory and voluntary corporate action workflows, including reviewing event details, coordinating elections with Portfolio Managers, and submitting instructions to custodians within required deadlines.
• Settlement • Ensures timely settlement of all trade activity. • Processes purchases and sales of fixed income, equity securities, derivatives, private debt, private equity, etc. • Works closely with Operations teams to understand impacts of trade activity and assist with issue resolution. • Processes daily margining requests for Derivatives.
• Private Equity • Reconciles cash for PE Funds. • Books transactions and archives supporting documentation for general partner transactions. • Creates notifications and facilitates receipt and payment of investor funds along with quarterly investor capital account statements. • Reconciles monthly valuations for all underlying investments. • Creates and updates client presentation materials for the investor relations team.
• Data • Performs daily and monthly pricing for all securities. • Responsible for SMF set up in the accounting system for accuracy. • Monitors data exceptions through the Enterprise Data Management software and resolves anything that arises. • Maintains and creates new reference data as needed. • PORT administration and daily reconciliation.
• Client Service • Initiates transactions with the Fort Washington LLC investments to meet client cashflow needs, including corresponding with fund accountant and wiring party. • Produces regular internal reporting on new and closed accounts as well as cashflows. • Completes templated client review materials to facilitate Institutional client meetings. This includes coordinating with investment management, relationship management, compliance and operations to meet timelines. • Assists with various client reporting efficiency initiatives.
• Performs other duties as assigned.
• Complies with all policies and standards.

Qualifications

• Bachelor's Degree In Business Administration or pursuing a degree with commensurate industry experience - Preferred
• Commensurate work experience. - Required
• Must demonstrate strong attention to detail with excellent organizational skills. Expected to cite examples of organization and time management methods used to manage or prioritize workload demands. - Required
• Basic knowledge of fixed income and equity securities with demonstrated ability to articulate each. - Preferred
• Demonstrated business knowledge in accounting, operations, customer service and computer systems. - Preferred
• Demonstrated excellent verbal and written communication skills with ability to convey information, verbally and in writing, to internal and external customers in a clear, accurate, focused and concise manner. Demonstrated ability to document procedures and activities in a manner that is understandable to others and prepared using a prescribed format. Verbal and written communications are to conform to proper rules of punctuation, grammar, diction and style. - Required
• Proven strong analytical skills, including demonstrated experience identifying, defining and resolving problems and collecting or interpreting data to establish facts and draw valid conclusions. Must be able to cite examples of self-motivation and experience prioritizing workflow while working independently. - Required
• Demonstrated ability to handle confidential information. - Preferred
• Must be able to cite examples of good decision-making skills when dealing with multiple alternatives or priorities. - Preferred
• Demonstrated ability in customer service or client management. This would include identifying client problems/issues, providing and initiating effective resolutions. - Preferred
• Strong knowledge of Microsoft Office products - Required

Work Setting/Position Demands:

• Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
• Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
• Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
• Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
• Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
• Performs substantial movement of wrists, hands, and fingers for continuous computer work.
• Extended hours required during peak workloads or special projects/events.

Travel Requirements:

• 0% travel